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Nigerian Stock Market Reacts Cautiously to Strong Q3 Earnings Despite Impressive Profits
Despite record-breaking Q3 profits reported by many Nigerian companies, the stock market has seen little enthusiasm, with the NGX All-Share Index dropping by 0.68% between October 8 and November 7. Let’s...
NGX Trading Summary for Monday, November 11, 2024
The Nigerian Stock Exchange (NGX) reported a significant amount of trading activity on Monday, November 11. Here’s a detailed breakdown:
1. Overall Market Performance:
• Volume: 297.8 million shares were traded.
• Deals: A total...
Nigerian Stock Exchange (NGX) Trading Summary for Thursday, October 31, 2024
Today’s trading session on the NGX saw significant market activity, with 532.89 million shares traded in 9,047 deals, representing a market value of NGN 8.84 billion. This volume indicates a slight 1% decline compared...
NGX Trading Summary for Tuesday, October 29, 2024
On Tuesday, October 29, the Nigerian Stock Exchange (NGX) witnessed substantial trading activity. Here’s a breakdown of the day’s performance:
1. Overall Market Activity:
• Shares Traded: 399.3 million shares across 9,547 transactions.
•...
NGX Trading Summary for Friday, October 25, 2024
1. Overall Trading Data
• Volume: 460.86 million shares were traded.
• Deals: 8,772 transactions.
• Market Value: NGN 9.53 billion.
• Comparative Data: This reflects a 15% increase in volume, a 39% drop in turnover, and a 5% decrease in...
NGX Trading Summary for Thursday, October 24, 2024
Trading Activity:
• Total Volume: 400.9 million shares were traded today, representing a 41% increase in volume compared to the previous trading day (Wednesday, October 23).
• Total Deals: There were 9,211 transactions, marking a 16%...
NGX Trading Summary: Monday, October 21, 2024
The Nigerian Stock Exchange (NGX) experienced an active trading session on Monday, October 21, 2024, marked by significant improvements in trading volume, turnover, and the number of deals compared to the previous trading day (Friday, October 18...
NGX TRADING SUMMARY FOR FRIDAY, OCTOBER 18, 2024
On the last trading day of the week at the Nigerian Stock Exchange (NGX), there was significant activity, with a total of 358.85 million shares traded across 6,719 deals, amounting to a market value of NGN 11.96 billion.
Performance Highlights...
NGX TRADING SUMMARY FOR THURSDAY, OCTOBER 17, 2024
At the end of Thursday’s trading session on the Nigerian Stock Exchange (NGX), the market experienced notable activity:
1. Trading Volume & Value:
Total Shares Traded: 239,308,707 shares across 7,318 deals.
Market Value: NGN 6.41 billion...
CHAMPION BREWERIES PLANS PUBLIC SHARE OFFER AMID PROFIT DECLINE
Key Details:
1. Public Offering Announcement: Champion Breweries has revealed plans to open a public share offering to raise funds for its operations. This decision was shared during its "Fact Behind the Figures" presentation at...
NIGERIAN EXCHANGE RECORDS N3.48TN IN TRANSACTIONS OVER EIGHT MONTHS
Detailed Breakdown:
1. Total Market Transactions
The Nigerian Exchange Limited (NGX) has reported total transactions worth N3.48tn year-to-date as of August 31, 2024. The data comes from NGX's Domestic and Foreign Portfolio...
NGX TRADING SUMMARY FOR TUESDAY:
1. Market Performance:
The Nigerian equities market had a positive trading day as the NGX All-Share Index (NGXASI) increased by 0.23%, bringing the Year-to-Date (YTD) returns to 28.55%.
The All-Share Index closed at 97,685.64, compared to the previous close of...
The Nigerian stock market, as we know it today, began its journey with the founding of the Lagos Stock Exchange in 1961, later renamed the Nigerian Stock Exchange (NSE). However, to trace significant historical events that have influenced the modern Nigerian stock market, let's focus on an...
INTRODUCTION OF THE CENTRAL SECURITIES CLEARING SYSTEM (CSCS) (1997): A SIGNIFICANT EVENT IN NIGERIAN STOCK MARKET HISTORY
EVENT OVERVIEW:
- CSCS Launch: The Central Securities Clearing System (CSCS) was introduced in 1997 as a central clearinghouse for securities transactions on the Nigerian...
GTCO PLANS N400BN CAPITAL RAISE
Guaranty Trust Bank Plc (GTCO) announced plans to raise N400.5 billion by issuing 9 billion shares at N44.5 per share. This move aims to support the bank's expansion and innovation strategies.
The announcement was made by GTCO's Managing Director, Segun...
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